Lucara Diamond locks in $220 million loan for Karowe expansion
Financing package will help fund a five-year, $514 million underground expansion of the Karowe mine in Botswana.
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Petra fetches over $40m for 39-carat blue diamond
At $1,021,357 per carat, it is the highest price paid for a single stone.
Vale says value of Samarco settlement not open to renegotiation
The lead prosecutor had declined to say how much more they were looking for, but referenced a benchmark of 155 billion reais.
Adani boosting coal assets despite vow to be carbon neutral
Gautam Adani is increasing his footprint in fossil fuels, new research shows.
Kirkland Lake reports record production in Q2, stock up
Total production reached 379,195 oz, a 15% increase from Q2 2020 and a 25% improvement over the prior quarter.
Copper price down while China’s smelters reduce production
China's major copper smelters lowered production in June by 3.6% from the previous month due to seasonal maintenance.
Iron ore price up despite high China ferrous scrap imports
China's recycled steel imports hit 114,741 million tonnes in May, more than 28 times the volume seen in January when the country lifted import restrictions on ferrous scrap.
Botswana woos Chinese investors as lenders shun coal projects
The southern African nation, the world’s second-biggest diamond producer, has more than 200 billion tonnes of untapped coal reserves.
Russia considers measures to tap mining profits once export tax ends
Country is considering longer-term measures to grab a bigger slice of mining companies’ profits once a temporary export tax finishes at the end of this year.
